MPs to quiz Turner on bank break-ups

<div>FINANCIAL Services Authority chairman Lord Adair Turner will be grilled by MPs today on whether banks should be broken up to ensure they are less systemically risky.<br /><br />Turner will give evidence to the Treasury committee on his vision of the future of regulation, with the size of UK banks likely to feature highly.<br /><br />A committee member told City A.M. that he expects questions based on governor of the Bank of England Mervyn King&rsquo;s comment last week that &ldquo;if some banks are thought to be too big to fail&hellip;then they are too big&rdquo;.<br /><br />He said the committee would also quiz Turner on the merits of introducing a law mimicking the now abolished US Glass-Steagall Act, which required the separation of retail and investment banking.</div>